"There is a huge disconnect between staffers at the Fed and political appointees." @wbmosler
"Treasury security is a $ balance in an account at the Fed; it is called a Securities Account."
Listen and learn about Treasury securities. #LearnMMT
This is extremely important. Later this year the world will suffer two simultaneous disasters: the collateral damage of Trump and Netanyahu’s stupid war, and the biggest El Niño ever.
One of the main problems Americans face as the Empire declines is that we are ruled by grifters and idiots. When the British Empire fell, it slowly disengaged with its more imperialist impulses. The American Empire, on the other hand, has both of its political parties ramping up the nation's militarism, and as a result is inflicting massive suffering on the global populace as it falls.
This week, my amendment to ban billionaire-funded super PACs received unanimous support from my Democratic colleagues.
The momentum is growing. It’s time to repeal Citizens United, ban super PACs and move to the public funding of elections NOW.
The NRA buys off Congress. No action on guns.
The oil industry buys off Congress. No action on climate.
Insurance companies buy off Congress. No action on health care.
The list goes on and on.
Money in politics is the root of our dysfunction.
We have the highest rate of child & senior poverty of almost any major country on earth, per OECD.
21% of seniors are trying to live on less than $15,000 a year & nearly half of older workers have ZERO retirement savings.
It’s not the old vs the young.
It’s the 1% vs the 99%.
(🚨) BREAKING NEWS: Republican-Appointed Federal Judge Rules That Kristi Noem and Marco Rubio "Illegally Conspired" to Arrest and Cage People Exercising Their First Amendment Rights—and Notes Rubio As Highest-Ranking Official Ever to Run Such a Conspiracy https://t.co/RtVUoINrMc
Elon Musk’s Wealth:
2012: $2 billion
2025: $752 billion
Average Wealth of Bottom 50%:
1976: $987
2025: $805
AI and robotics will continue to make the working class poorer and the obscenely rich richer so long as Elon and a handful of Big Tech oligarchs call the shots.
America's richest 10% now hold 60% of the nation's wealth.
The bottom half of America? It holds just 6%.
Wealth inequality is eating this country alive.
The great economic crisis of our time is growing income and wealth inequality.
While millions of Americans struggle to pay rent, buy food, or afford health care, 10 billionaires got $730 billion richer in 2025.
This is immoral and unsustainable.
We must defeat oligarchy.